Senator Feinstein’s husband stands to profit big from government deal

Blum cc

Boy is it good to have a spouse in the Senate. Even better if one is in the commercial real estate business like Richard Blum, Diane Feinstien’s husband, is.

Seems Mr. Blum’s company CBRE  just happens to be the sole real estate agent for a batch of now defunct post offices Congress has authorized the sale of. As we reported before many of these old post offices sit on prime real estate.

It is thought that CBRE stands to do as much as $1 billion in commissions.

A billion dollars.

Seriously, how did this deal ever go through? I mean we know how it happened. But still.

It is estimated officially that Feinstein and Blum have a net worth of between $50-$100 million already. Some believe this is a gross underestimate.

(From The New York Post’s Page Six)

Ever wonder how lowly paid lawmakers leave office filthy rich?

Sen. Dianne Feinstein is showing how it’s done.

The US Postal Service plans to sell 56 buildings — so it can lease space more expensively — and the real estate company of the California senator’s husband, Richard Blum, is set to pocket about $1 billion in commissions.

Click here for the article.